LOOKING BELOW THE SURFACE IN MICROSOFT EARNINGS $MSFT
This post was just published on ZYX Buy Change Alert. MSFT reported earnings that are less than the consensus. The stock is being punished hard. It is down about $5 which is a lot for this blue chip. Wall Street is reacting to headlines. However, digging below the surface there is a nice positive surprise. The earnings miss was due to one-time items, primarily taxes. Normally, this would have caused us to issue a strong buy. However, there is also a big negative in the earnings report. MSFT has been trading at a high valuation due to its progress in the